THE " ABSTRACTION PRINCIPLE" IN IRANIAN LAW, EMPHASIZING ON JURISPRUDENCE

“Abstraction principle” means separation between two obligations in commercial instruments: underlying obligation and documentary obligation that created by drawing these documents. The main effect of this principle is that objections related to first obligation، cannot be claim in second; where there is a third party. To obtain a real and comprehensive perspective of this principle in Iranian law، we must discuss both principle and his exceptions in Acts and jurisprudence. Iranian commercial act indirectly confirmed basis of this principle. Iranian jurisprudence also undoubtedly accepted this principle and applies it between responsible and third party beneficiary of commercial instrument.